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AMZN trade ideas

Amazon patterns - How they played out long timeI have done simple no brainer analysis for AMZN as back test of some fundamental tech analysis. The following tech analysis concepts always worked out. 1. Cup and Handle 2. Breakout / breakdown 3. Triangular pattern 4. Double top and bottoms Some observations 1. Deeper the Cup higher the come back target 2. Do not enter unless clear threshold / neckline break on C and H 3. It takes many tops to finally get deeper cups - Exit at 3rd or 4th top 4. 3 bottoms is sure indicator of bullish trend 5. Sharp triangles are golden nuggets for entering in Bullish trades 6. Bearish and bullish divergences may be false positives, look for threshold 7. Steeper the parallel channel deeper the dip or rise after breakout or breakdown 8. Observe consolidation clearly and trail with shorter time frames Please add your valuable observations.
NASDAQ:AMZN
by Krishm30
1
AMZN pullback to $201 (buying AMZD)MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above or at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at near overbought level VBSM is turning spiked positive Price at or near Fibonacci level Target is $201 or channel bottom Buying NASDAQ:AMZD
NASDAQ:AMZNShort
by chancethepug
Aiming for Growth: Bullish Outlook for Amazon Next Week - Amazon has recently seen a notable rise of 9%, fueled by a strong bullish sentiment in the tech sector and its inclusion in the "Magnificent 7" stocks. The company is benefiting from increasing consumer spending ahead of the holiday season, contributing to positive overall market momentum. Amazon's stock price currently stands at 227.03, marking a significant performance relative to peers and setting the stage for potential future gains. - Key Insights: Investors should consider Amazon's innovative strides, particularly with the launch of its new Tranium 2 chip, designed to compete against Nvidia. This technological expansion positions Amazon favorably within the competitive landscape. Market observers advocate for leveraging potential dips, particularly around key support levels, to establish long positions. - Expert Analysis: Financial analysts maintain a strong bullish outlook for Amazon, emphasizing its resilience and performance in a volatile market environment. With robust innovation strategies and leadership in the e-commerce space, experts suggest that investors closely monitor stock dynamics around established support zones to make informed trading decisions. - Price Targets: - Next week targets: T1 at 235, T2 at 240 - Stop levels: S1 at 218, S2 at 216 - News Impact: Recent trends indicate that Amazon is outperforming key competitors, reflecting its adaptability to market changes. The focus on new product launches reinforces investor confidence, while analysts spotlight the potential for pullbacks to support levels as the market fluctuates. These factors render Amazon a pivotal stock to watch for sustained growth opportunities.
NASDAQ:AMZNLong
by CrowdWisdomTrading
Amazon- Bullish in my opinion📊 Technical Analysis: Amazon's stock continues to show impressive strength, breaking past the $200 and currently trading at $217.94. This surge aligns with the typical year-end "Santa Claus rally," where stocks often benefit from increased retail activity and market optimism. With consumer spending on the rise and seasonal trends providing a tailwind, Amazon could see continued upside as we move deeper into the holidays. 📰 Fundamentals: 🟢 Amazon sees a boost from rising e-commerce demand and growing Prime memberships. 🟢 Despite earlier challenges, AWS remains a key revenue driver in the cloud sector. 🟢 Operational streamlining and profit focus have increased investor confidence. 💡 My personal near-term target is around $240-$250, supported by seasonal trends and potential macroeconomic recovery. *This is not financial advice.
NASDAQ:AMZNLong
by Charts_M7M
1
AMZN at an all-time high: To be continued?AMZN reaches a new all-time high of $225.8, positioning itself at the upper boundary of an ascending channel that began on January 6, 2023, when it hit a low of $83.07. This channel, nearing its two-year milestone, has developed in five waves, as outlined by the Elliott Wave Theory: Wave 1 Period: January 4, 2023 - September 14, 2023 Movement: $81.43 to $145.86 (+79%) Wave 2 Period: September 14, 2023 - October 26, 2023 Movement: $145.86 to $118.35 (-19%) Wave 3 Period: October 26, 2023 - July 8, 2024 Movement: $118.35 to $201.20 (+70%) Wave 4 Period: July 8, 2024 - August 5, 2024 Movement: $201.20 to $151.61 (-25%) Wave 5 (in progress) Estimated period: August 5, 2024, to today Projected movement: $151.61 to a range of $226.00 - $231.85 (+49% to +53% projected) Key Questions for Caution on AMZN Will it surpass the channel's upper boundary, setting new all-time highs? Will it retrace to a dynamic support level within the channel (ranging between $201 and $195)? Will it break below the ascending channel, signaling the start of a higher-degree correction? Our opinion is for educational purposes only and should not be considered a recommendation to buy or sell. Before making any investment, consult with your financial advisor.
NASDAQ:AMZN
by SHGTrading
AMAZON EXPANDSThe national football league and amazon web services recently announced an extension of their long -term partnership. SINCE 2017, the NFL and AWS have been at the forefront of innovation, leveraging AWS'S artificial intelligence and machine learning services to shape the future of the football. Amazon FRESH has also introduced new grocery savings for its prime members shopping in store and online at amazon fresh: a new private label brand that offers great value for all their customers." We are always looking to make grocery shopping easier, faster and more affordable" said CLAIRE PETERS, the vice president of AMAZON FRESH worldwide. Besides the good news of this stock we can see it has formed a w pattern signalling a buy and will continue to buy. GOOD LUCK
NASDAQ:AMZNLong
by ForxTay
1
Amazon - Breaking Trade 12/4/2024There was a great breakout trade opportunity on Amazon's stock, enhanced by a refined entry strategy. The red zone highlights a key resistance level where the price struggled to break through. Eventually, a breakout occurred with a strong bullish candlestick, confirming buyers' strength. However, instead of entering immediately at the breakout, the ideal entry point would be on the pullback to the red zone. After the breakout, the price retraced back to the resistance zone, which then acted as support. Notice how the price tested this zone but failed to close below it, indicating that buyers remained in control. The optimal entry would occur when the price breaks above the high of the retracement candle, confirming the continuation of the bullish move. This approach allows for a more precise entry, reduces risk by setting a stop-loss below the support zone, and offers a better reward-to-risk ratio as the trend resumes upward. It’s a textbook example of a breakout-retest setup with confirmation. Thank you for reading! If you found this content helpful, don’t forget to like, comment, and share the idea. Follow me on TradingView!
NASDAQ:AMZNLong
by Alexandre_Saldanha_
AMZN Breakout or Pullback? Strategy & Key Levels to WatchAMZN has been trading within an ascending channel, displaying bullish momentum on the hourly chart. With price nearing resistance and volume showing signs of strength, here's how you can plan your trades. 1️⃣ Price Action & Chart Analysis * Trend Channel: AMZN continues to respect a rising channel, indicating a bullish short-term structure. * Key Levels: * Immediate Resistance: $214.02 * Support: $209.65 and $208.74 The $213–$214 zone remains critical; a breakout could push AMZN higher, while rejection may lead to a pullback. 2️⃣ Liquidity Zones & Order Blocks * Liquidity Zone: $213–$214, where significant seller activity might emerge. * Order Block: The demand zone near $208.74 aligns with previous consolidation and buying interest. 3️⃣ Scalping Strategy For short-term intraday trades: * Entry (Breakout): Look for a breakout above $214 with increased volume. Target $216–$217 for quick gains. * Stop-Loss: Below $213 to limit risk. * Alternative Play: If price pulls back, enter near $209 with confirmation of support holding. 4️⃣ Swing Trade Strategy For longer-term setups: * Entry Option 1: Buy on a confirmed breakout above $214. * Entry Option 2: Wait for a pullback to $209–$208 for better risk-reward. * Targets: * Initial Target: $217 * Extended Target: $220 * Stop-Loss: Below $207 to manage downside risk. 5️⃣ Momentum & Indicators * MACD: Bullish crossover on the hourly chart, signaling upward momentum. * Volume: Increasing near the resistance zone, indicating potential for a breakout. Game Plan for Tomorrow * Scenario 1: A breakout above $214 targets $216–$217; wait for confirmation before entering. * Scenario 2: A rejection at $214 might lead to a pullback; monitor $209 as a strong support level for re-entry opportunities. Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research and trade responsibly.
NASDAQ:AMZN
by BullBearInsights
5
Amazon Ignites: 150% Blaze Ahead?The stock has been in consolidation since August 2020, forming an Inverted Head & Shoulder pattern. Recently, it broke out above the neckline and is attempting to sustain above the 200 level. Currently trading at 210, the stock has the potential to surge to 500 levels in the next few years. However, the breakout lacks strong confirmation, as a significant bullish candle with volume expansion is absent. A crucial factor to watch is a monthly close above 200. This will help determine the stock's future trajectory and guide our trading and investment decisions.
NASDAQ:AMZNLong
by NaranjCapital
AMAZON STOCK TO RALLY DURING THANKSGIVING SEASON! Given Amazon's robust performance in the third quarter of fiscal year 2024, with a notable increase in revenue and same-store sales, we anticipate a strong holiday shopping season. The company's raised sales forecast for the fiscal year, projecting a 4.8% to 5.1% increase, further supports this positive outlook. Amazon's emphasis on value and convenience, including enhanced e-commerce capabilities, is expected to attract significant value-seeking shoppers during the Thanksgiving period. With a history of strong holiday sales and positive consumer sentiment, Amazon's stock is well-positioned to rally during the Thanksgiving season!!
NASDAQ:AMZNLong
by Mbixen
AMZN – Climbing the Channel: Breakout or Reversal in Sight? AMZN has been trading within an ascending channel, showing consistent bullish momentum while approaching a critical resistance zone. This analysis outlines key levels, price action insights, and actionable trade setups for scalping and swing trades. Market Structure & Price Action: * Recent Trend: AMZN is trading in a clear ascending channel, with the current price testing the upper boundary near $208. * Liquidity Zones: * Buyers have shown strength near $205, forming a key demand zone. * Sellers are active between $208.50 and $210, creating a supply zone. * Volume Profile: Steady volume during the climb confirms buyer interest, but volume tapering near resistance may signal caution. Key Levels: 1. Resistance Zones: * $208.50–$210: Immediate resistance at the channel's upper boundary. * $215: Next psychological resistance and prior swing high. 2. Support Zones: * $205: Immediate support within the channel. * $198–$200: Key demand zone and lower boundary of the channel. Indicators: * MACD (1-hour): Bullish crossover supports upward momentum, but the histogram shows potential weakening, signaling a possible consolidation. * Volume: Watch for a volume spike to confirm a breakout above $210. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $208.50 with confirmation (bullish candles and increased volume). * Target: $210–$212. * Stop-Loss: Below $207. * Short Setup: If rejected at $208.50, short below $207 targeting $205, with a stop above $209. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $210. * Target 1: $215. * Target 2: $220. * Stop-Loss: Below $208. * Bearish Case: * Entry: Short below $205. * Target 1: $200. * Target 2: $198. * Stop-Loss: Above $206. Game Plan for the Week: 1. Monitor price action around $208.50–$210 for signs of a breakout or rejection. 2. Use lower timeframes (5-min, 15-min) to refine scalping entries. 3. A breakout above $210 could signal strong bullish momentum toward $215, while failure to hold $205 may lead to a retest of $200. Thoughts & Outlook: Amazon’s current trajectory within the ascending channel indicates strong bullish sentiment, but the stock faces significant resistance at $210. Traders should watch volume and momentum for confirmation before entering trades. A breakout could lead to a strong upward move, while a pullback would present opportunities near lower support levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
NASDAQ:AMZN
by BullBearInsights